Ambitious graduates are no longer interested in pursuing careers in banking because they are too “socially conscious”, the outgoing head of Britain’s biggest graduate recruiter has said.
Since the financial crash, lucrative graduate schemes in the city have lost their allure as big pay packets alone now fail to motivate young people, according to the founder of Teach First.
Well, OK, I can imagine a change at the margin, certainly.
Teach First has been the biggest graduate recruiter for the past three years, with over 1,400 graduates each year sent to teach in deprived schools. The vast majority – around 70 per cent – of recruits are from the elite Russel Group universities.
How many do graduate each year? 400,000? I’d have thought the graduate entry into banking was still higher than Teach First then…..